Depositories Act, 1996

Section - 26 - Power of depositories to make bye-laws

Power of depositories to make bye-laws.

26. (1) A depository shall, with the previous approval of the Board, make bye-laws consistent with the provisions of this Act and the regulations.

(2) In particular, and without prejudice to the generality of the foregoing power, such bye-laws shall provide for-

(a)-the eligibility criteria for admission and removal of securities in the depository;
(b)-the conditions subject to which the securities shall be dealt with;
(c)-the eligibility criteria for admission of any person as a participant;
(d)-the manner and procedure for dematerialisation of securities;
(e)-the .... To read the full section download the app from Google Play store